The Guidance We Provide
Our team can provide you with expert guidance on all aspects of finances, such as debt negotiation and tax resolution, but when it comes to bankruptcy, there are 2 in particular that you need to be aware of: Chapter 7 and Chapter 13. While both are considered bankruptcy and will remain on your credit score for at least 7 years, the way they work and the guidance you will need when going through them both differ greatly.
Chapter 7
Chapter 7 bankruptcy typically involves a liquidation of assets so you can pay off your debts through your valuables. This does not mean you are going to lose everything, but you will need guidance on how you will go through that liquidation process.
We can provide you guidance on going through that process and how it will impact you financially. It’s going to be very difficult at times, but you will get through it.
What’s important to remember with Chapter 7 is that, once you are free of your debts, it’s a completely fresh start. So, if you reached this point because you struggled to maintain credit card payments, you now get a chance to prove that you have made strides to not overspend.
We can give you guidance on how you should best handle your financials after Chapter 7 bankruptcy. This can include purchasing a home, receiving a credit card, and getting a car loan. While going back in to “debt” may sound scary, these are all good debts that, when managed properly, can lead to higher credit scores.
Chapter 13
Chapter 13 bankruptcy is when all of your debts are rolled into a lump sum and then paid off in monthly payments. It’s an opportunity to have your debts organized, and we can help guide you through the best method for staying on top of and making those payments.
Contact Us
Stop living in fear of your debt. Bankruptcy may be scary, but we can expertly guide you through your bankruptcy case, so you come out the other side financially stronger.
Nobody should have to live in fear of their finances. At Blake Goodman, PC, Attorney, we desire to help you and make sure that is no longer the case. Bankruptcy is not going to ruin your life, and with our guidance, we can prove that.
If you are ready to re-take your financial future, then give us a call at (808) 518-4844 or use our online contact page.